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USDTRY near all time high

TURKISH LIRA

USD stays better offered against all majors.

  • Trades close to flat in EM versus the Rand.
  • But focus in EM remains on the Turkish Lira, with the latter making another attempt at the all time low, following the CBRT decision to keep rates unchanged yesterday.
  • Target is still that big psychological 8.00 handle.
  • USDTRY is up 0.52% at 7.9763, ahead of the record high printed yesterday at 7.9797

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